Search found 1094 matches

by bayview
Tue Jul 18, 2017 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Need help balancing 401k options and Roth IRA
Replies: 14
Views: 722

Re: Need help balancing 401k options and Roth IRA

Quisted wrote:Yes, I've been here about two years already.

I'd only been contributing the 3% for the match into the 401k before now and everything else was going into the Roth

To be clear, is it three years of employment period, or three years since contributing to the 401k?
by bayview
Tue Jul 18, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 21
Views: 2017

Re: Paying off debt vs. max savings

Good point, and I have thought of that--selling the property. However, the house is currently valued at $80k (according to Zillow based on surrounding comps) . We receive about $950 in rental income with $90/mo going to property management (it is too far from us to manage ourselves). So, if we sold...
by bayview
Sun Jul 16, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance HELOC or Refinace mortgage or ???
Replies: 4
Views: 372

Re: Refinance HELOC or Refinace mortgage or ???

+1 760-780 is all you need for getting credit. Anything after that is just for bragging rights. Credit scores get you in the door. After that, what matters is increasing income and decreasing debt. In other words, you must show that you have the ability, not just the willingness, to repay your debts.
by bayview
Sun Jul 16, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Rent in safer neighborhood or buy in less safe one?
Replies: 67
Views: 4022

Re: Rent in safer neighborhood or buy in less safe one?

There is so much more to a neighborhood and house than statistics. Have you and your spouse visited the neighborhood at all different times/days of the week? Do you know others who live there, or any local police officers who can give you some on-the-ground data? I think this is a question that sta...
by bayview
Sun Jul 16, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Thinking out loud
Replies: 30
Views: 3115

Re: Thinking out loud

Hi folks, I have never questioned my investment choices. I am happy with a two fund portfolio and not holding international. I have held this for over 20 years now... < snipped > Having said that, I am currently 60/40 in my 401K, but the only thing that nags me is I still have 11 years ahead of me ...
by bayview
Sun Jul 16, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 92
Views: 7409

Re: Personal Finance Milestone: 20 Times Annual Expense

Congratulations KlangFool! "1/3" is a lot of tax ! Thesaints, On the average, it is about right if you add up Federal, State, Social Security, Medicare and so on. KlangFool Medicare yes, but it is only a couple % at most. Social security is paid back to you, so I don't consider it a "...
by bayview
Sun Jul 16, 2017 7:11 am
Forum: Investing - Theory, News & General
Topic: Buckley will succeed McNab as Vanguard CEO at year end
Replies: 32
Views: 3472

Re: Buckley will succeed McNab as Vanguard CEO at year end

LadyGeek wrote:^^^ Try clearing your browser's cache. If you have any further problems, ask for help in the Personal Consumer Issues forum.

Bingo, that worked!

Thanks for the memory nudge. I'm so used to periodic problems on VG's end that clearing the cache didn't even occur to me. :D
by bayview
Sat Jul 15, 2017 7:50 am
Forum: Investing - Theory, News & General
Topic: Buckley will succeed McNab as Vanguard CEO at year end
Replies: 32
Views: 3472

Re: Buckley will succeed McNab as Vanguard CEO at year end

What do all their sofrtware developers do? Their website and app seem pretty basic. Do they run a lot of their index funds back end stuff with a lot of fancy software? There's a lot they need to do. Sending the IRS/state income tax boards all those 1099 forms; sending the SEC filing information; co...
by bayview
Wed Jul 12, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to use Retirement Funds for College Savings
Replies: 53
Views: 2441

Re: How to use Retirement Funds for College Savings

When your kids reach college age, and presumably your earnings have increased, how much money do you think you'll have available at that point?

If that covers a year of tuition, just pay tuition instead of funding your savings, if it's an even swap.
by bayview
Wed Jul 12, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to use Retirement Funds for College Savings
Replies: 53
Views: 2441

Re: How to use Retirement Funds for College Savings

cal91, the problem with pulling money out of accounts that are specifically retirement accounts is that you will lose that space, and you can't get it back. So if you have $11k in a Roth IRA, and you pull $6k for something, then you only have $5k of space in that Roth. Yes, of course you can make fu...
by bayview
Wed Jul 12, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Is there anything wrong with buying VTTSX in a brokerage account?
Replies: 35
Views: 1717

Re: What to do after maxing out Roth IRA?

fung, I'm sending a message to the mods to move your post and any replies to a new thread. You pulled up a 2014 post. :D
by bayview
Tue Jul 11, 2017 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to federal job?
Replies: 80
Views: 7146

Re: Switch to federal job?

Another issue that occurs to me is that, as best I understand, federal employees have (or can get) excellent disability coverage if they become disabled while employed. Anecdotally, as I have heard from several friends/acquaintances, the threshold/requirements to receive continuing income from a di...
by bayview
Tue Jul 11, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: How to save for and finance house move up
Replies: 64
Views: 3083

Re: How to save for and finance house move up

A few things: 1 - I agree, pay off the student loan (5% is nuts.) Let the car loan play itself out. It can't be that much in monthly payments. 2 - I hear you (and your wife) on the current house, as it is a Cape. It's a pity that it can't be added on to (2nd bathroom, family area, maybe another non-...
by bayview
Mon Jul 10, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Father Plan for Retirement (messy)
Replies: 25
Views: 2249

Re: Helping Father Plan for Retirement (messy)

What's wrong with a $60K sports car? I'm serious. Maybe he has always wanted one, and if he doesn't get it soon maybe he never will. I hope my kids don't think they have a say in my vehicle selection. I understand the multiple accounts are complicated, and the time shares are an issue if he doesn't...
by bayview
Mon Jul 10, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Do you pay federal taxes in the Intermediate-Term Treasury?
Replies: 9
Views: 578

Re: Do you pay federal taxes in the Intermediate-Term Treasury?

I don't know if anyone else was confused, but I did want to point out that Intermediate Treasury bond fund is (apparently) taxable. At any rate, I asked about this several months ago, and this is what I was told. At the Federal level yes state no. Right. Taxable on Fed, exempt on state. Thank you b...
by bayview
Mon Jul 10, 2017 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Do you pay federal taxes in the Intermediate-Term Treasury?
Replies: 9
Views: 578

Re: Do you pay federal taxes in the Intermediate-Term Treasury?

I don't know if anyone else was confused, but I did want to point out that Intermediate Treasury bond fund is (apparently) taxable. At any rate, I asked about this several months ago, and this is what I was told.
by bayview
Sat Jul 08, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to federal job?
Replies: 80
Views: 7146

Re: Switch to federal job?

Currently having excellent plans available to us, FEHB provides no extra benefit now. The added value is for her coverage between ages 62 and 65, and as supplemental insurance for both of us when on Medicare. Exactly: In retirement, most people cannot retain the insurance they had while working. Or...
by bayview
Sat Jul 08, 2017 5:16 am
Forum: Personal Finance (Not Investing)
Topic: Switch to federal job?
Replies: 80
Views: 7146

Re: Switch to federal job?

Her annuity (pension) will be peanuts: $78,000/100 * 5 years = $3,900/year. That will partly cover health insurance premiums in retirement though. She should plan to be on the FEHB (health insurance) plan for a full five years to be eligible to carry it into retirement. <-- IMO, that's a big factor ...
by bayview
Fri Jul 07, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Why is it wrong to hold both? [Total Stock Market and 500 index]
Replies: 29
Views: 3197

Re: Why is it wrong to hold both?

Not wrong at all. I hold many "total stock" funds and ETFs and also hold a 500 fund in my 401k. Why the 500? Because it's the only low cost index fund. VTSAX (VG Total Stock Market Index Fund Admiral Shares) is not a low-cost fund at 0.04%? Did you mean that there isn't a total US stock f...
by bayview
Fri Jul 07, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can you buy a house with little or no income?
Replies: 24
Views: 2060

Re: Can you buy a house with little or no income?

Suppose you already own a house. Let's say I have $300,000 cash in my bank, maybe a $10k existing auto loan (no other loans or debts), but little or no income. Would you let me buy your house for, say $260,000 and let me put down only the traditional 20% while you carry the rest of the loan? I prom...
by bayview
Fri Jul 07, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: A good VISA card for Gas & Groceries?
Replies: 66
Views: 3772

Re: A good VISA card for Gas & Groceries?

American Express Blue Cash Everyday or Preferred cards. Everyday is 3% groceries, 2% gas. Preferred is 6% groceries, 3% gas, but with a $95 annual fee. As long as you spend $3167 or more on groceries in a year, then the Preferred is, well, preferred. This is especially a good value if you live in a...
by bayview
Fri Jul 07, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: SSA.gov calculator doesn't seem to make sense.
Replies: 18
Views: 850

Re: SSA.gov calculator doesn't seem to make sense.

Perhaps one estimate is in 2017 dollars and the other in 2050 dollars. Yes I am assuming the $1400 figure was in 2017 dollars with no raise forcasted. I just was a bit blown away by the idea that between my wife and I we will have the potential of receiving $100,000 a year from social security even...
by bayview
Fri Jul 07, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Why is it wrong to hold both? [Total Stock Market and 500 index]
Replies: 29
Views: 3197

Re: Why is it wrong to hold both?

Not wrong at all. I hold many "total stock" funds and ETFs and also hold a 500 fund in my 401k. Why the 500? Because it's the only low cost index fund. VTSAX (VG Total Stock Market Index Fund Admiral Shares) is not a low-cost fund at 0.04%? Did you mean that there isn't a total US stock f...
by bayview
Fri Jul 07, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3586
Views: 943310

Re: U.S. stocks in freefall

The market has been going up for sooooo long. I think a real free fall might feel bad (even though it will be a buying opportunity). I'm sure this thread will help me through... while I cry...and buy. I wonder what kind of dip will really hurt and that does worry me. S&P 500 is up what, ~30% fr...
by bayview
Fri Jul 07, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3586
Views: 943310

Re: U.S. stocks in freefall

Well dang, just when I thought we'd have a little dip where I'd do a bit of Roth conversions, total US is back up again. Stupid markets.

:D

(yeah, yeah; I know)
by bayview
Fri Jul 07, 2017 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Landlord/Rent question
Replies: 21
Views: 1766

Re: Landlord/Rent question

In North Carolina, you must keep the security deposit in a separate account. Not pre-paid rent, though.
by bayview
Fri Jul 07, 2017 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 10911

Re: Seeking advice on 1.2m (now 900K) house purchase

TuesdayGal, I sympathize, but we lived in the Bay Area (as renters) as the economy was slowly starting to recover from 2008-2009. In fact, we rented a lovely Victorian from a professional who lived in the unfinished basement, because she could no longer afford her mortgage. She was wildly upside dow...
by bayview
Thu Jul 06, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Resource/reference for asset guidance for trusts?
Replies: 15
Views: 549

Re: Resource/reference for asset guidance for trusts?

Very good point about the muni funds. I will quite possibly wind up with a batch of individual munis from another state. No point in doing the same!
by bayview
Thu Jul 06, 2017 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Introduction and Thanks
Replies: 3
Views: 505

Re: Introduction and Thanks

Welcome to the forums! Tell your friends. :wink:
by bayview
Thu Jul 06, 2017 5:47 am
Forum: Investing - Help with Personal Investments
Topic: Resource/reference for asset guidance for trusts?
Replies: 15
Views: 549

Re: Resource/reference for asset guidance for trusts?

Mid-six figures each. Inheritances. (Our plan is to not use any inheritance that we might get, allow it to grow, and pass it on to our kids, as we will probably be using up most of our own retirement funds.) Again, the figures probably seem like pretty small beer in the trust world, but we have the ...
by bayview
Wed Jul 05, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Resource/reference for asset guidance for trusts?
Replies: 15
Views: 549

Re: Resource/reference for asset guidance for trusts?

Thanks to both of you for your honest advice. It does seem obvious that it's time to move beyond the DiY approach for all this.
by bayview
Wed Jul 05, 2017 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Resource/reference for asset guidance for trusts?
Replies: 15
Views: 549

Re: Resource/reference for asset guidance for trusts?

What kind of trusts are you thinking about? Living trusts, which are revocable during the lifetime of the trustor(s)? Special needs trust (for disabled person)? Trust to avoid Medicaid look back? If you die when they are all 30 or 40 or 50, why do you think they should have trusts? Are they not res...
by bayview
Wed Jul 05, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Resource/reference for asset guidance for trusts?
Replies: 15
Views: 549

Re: Resource/reference for asset guidance for trusts?

In effect, you are investing for others so you have a fiduciary responsibility to the beneficiaries. Secondly, my rule of thumb is that I am more conservative with others' money than I am with my own. If it were me, I would invest the money in moderate risk or 60/40 balanced funds. The rational thi...
by bayview
Wed Jul 05, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Resource/reference for asset guidance for trusts?
Replies: 15
Views: 549

Re: Resource/reference for asset guidance for trusts?

In effect, you are investing for others so you have a fiduciary responsibility to the beneficiaries. Secondly, my rule of thumb is that I am more conservative with others' money than I am with my own. If it were me, I would invest the money in moderate risk or 60/40 balanced funds. The rational thi...
by bayview
Wed Jul 05, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Resource/reference for asset guidance for trusts?
Replies: 15
Views: 549

Resource/reference for asset guidance for trusts?

Hi all, I didn't have a lot of luck searching on this. "Tax" is ignored, "trust" has a lot of different meanings, etc. It appears that we will one day be setting up two trusts, one for my kids and one for DH's kids (both from previous marriages.) All our investments are in tax-de...
by bayview
Wed Jul 05, 2017 5:41 am
Forum: Investing - Help with Personal Investments
Topic: Stable Value Questions
Replies: 12
Views: 1396

Re: Stable Value Questions

It's interesting to see the replies stating that an SV fund isn't a good enough reason to stay in an employer 401k, when there is so much advice here to stay in TSP for the G fund, which is a bit of an SV fund. :D The current rate on the G fund is 2.25% (found by checking the Loan link on the TSP si...
by bayview
Tue Jul 04, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 54
Views: 5384

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

Good heavens, a joint email account is so simple! As others posted, ours is used for joint credit cards, joint bank accounts mortgage, insurance, etc., anything that affects the family "business." This is a second marriage for each of us, and we each have grown kids from our first marriage...
by bayview
Tue Jul 04, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: Wellington vs Wellington Admiral shares
Replies: 12
Views: 1900

Re: Wellington vs Wellington Admiral shares

Hey guys I sold off my bond fund (BND) but would still like a little bond exposure but really that's not what my question is about. I'm trying to pick between VWENX and VWELX. They seem pretty similar main difference being expense ratio of 0.16 for admiral vs 0.25 for investor shares but admiral sh...
by bayview
Tue Jul 04, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Education, encouragement, handholding on brokerage account
Replies: 6
Views: 446

Re: Education, encouragement, handholding on brokerage account

if you have a Vanguard account, what is the advantage of moving to ETFs versus staying with mutual funds? I don't know if this is what OP is looking at, but we have VFSVX (Vanguard FTSE All-World ex-US Small Cap Index Fund), which is still Investor class only at 0.27% ER, as opposed to its ETF twin...
by bayview
Mon Jul 03, 2017 5:29 am
Forum: Personal Finance (Not Investing)
Topic: People who receive employer 401k contributions, how is it accounted on paystubs?
Replies: 28
Views: 2106

Re: People who receive employer 401k contributions, how is it accounted on paystubs?

Federal employee whose pay is handled through DFAS: A section near the bottom of our "Civilian Leave and Earnings Statement" (posted biweekly on payday) titled Benefits Paid by the Government for You" includes the TSP Basic (automatic 1%) and TSP Matching (up to 5%.) The same section ...
by bayview
Sun Jul 02, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid irrevocable trust- any experiences?
Replies: 46
Views: 2161

Re: Medicaid irrevocable trust- any experiences?

So what would you do for your inlaws who have a 1.2 mil portfolio (which is our inheritance)with little chances of needing it for retirement other than long term care? Buy a long term care policy, set up a trust with all or some % of the money, gift parts of it to kids/grandkids over the next few d...
by bayview
Sun Jul 02, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 12698

Re: Bogleheads: you should be buying 10-year old cars

It turns out that your cumulative cost of car ownership is lowest if you buy a 10 year-old car keep it 5 years and then rinse and repeat. Next best is buying an 8 year-old car and keeping it for 8 years, and next is buying a 3 year-old car every 15 years . All beat out buying a new car and keeping ...
by bayview
Sat Jul 01, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 1905

Re: When to start taking Social Security for 64 year old

Sometimes I think this Social Security delay question is a little overdone. I notice that a 3 year delay provides about $330 a month extra, of course inflation-adjusted. That's probably worth about $100,000 as a lump sum. With retirement portfolio number in the millions tossed around here commonly,...
by bayview
Sat Jul 01, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency fund money and asset allocation
Replies: 14
Views: 825

Re: Emergency fund money and asset allocation

I am having trouble trying to figure out if my emergency money belongs in my asset allocation style boxes. Right now I like having a 70% stock / 30% bond allocation. When I use the Morningstar portfolio X-Ray Portfolio and I just add in only our retirement accounts, I get a 70/30 holding. (54% U.S....
by bayview
Sat Jul 01, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 1905

Re: When to start taking Social Security for 64 year old

It sounds like he will be in a low tax bracket until he takes RMDs at 70 1/2. Can he convert some traditional IRAs to a Roth in the meantime? Delay of SS is even more valuable if you are in a low tax bracket. A maximum of 85% of SS is taxed but some have 50% or less taxed. Also SS is adjusted for i...
by bayview
Sat Jul 01, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Bond Funds To Use in Taxable Portfolio
Replies: 29
Views: 3324

Re: Bond Funds To Use in Taxable Portfolio

Hogan, please consider starting a new thread (especially since you're not the original poster on this one :happy) using the standard Asking Portfolio Questions https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 format. Your questions and members' replies are (understandably) piecemeal as ...
by bayview
Fri Jun 30, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Fixed Indexed Annuity [rollover from TSP?]
Replies: 12
Views: 523

Re: Fixed Indexed Annuity [rollover from TSP?]

Don't forget (gentle reminder for us exasperated TSP members), any Roth 401k-ish plan, including the Roth TSP, mandates RMDs once you're retired and hit 70 1/2. It's not just TSP. So if you have a Roth employer plan (as opposed to a Roth IRA), you're going to have to start depleting it at age 70 1/2...
by bayview
Fri Jun 30, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Chances of delaying Social Security to age 70. Realistic?
Replies: 54
Views: 3959

Re: Chances of delaying Social Security to age 70. Realistic?

Don't forget that the SSA calculator's figures for your benefit at 70 assume that you'll keep working until 70, earning your current salary. If instead you plan to quit work at 66 and delay SS until 70, take the estimate for age 66 and multiply it by 1.32 to account for the 8% increase that you'll g...
by bayview
Thu Jun 29, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards' credit lines - pros/cons of requesting reduction?
Replies: 36
Views: 2748

Re: Credit cards' credit lines - pros/cons of requesting reduction?

bayview and takeshi: Thank you for the "nudge", I just got off the phone with Chase's recon line and got approved! As you and others suggested might be the case, it was a matter of Chase wanting to not increase their credit exposure to me. The rep told me early on in the conversation that...
by bayview
Thu Jun 29, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Fixed Indexed Annuity [rollover from TSP?]
Replies: 12
Views: 523

Re: Fixed Indexed Annuity

Is a fixed index annuity appropriate as a vehicle to roll-over a Government TSP account at retirement? Since the TSP has limited withdrawal options I am being told it would be good to roll it into a Nationwide 12 that uses the JP Morgan Mozaic index. Can take 7% of balance out yearly with no fees. ...

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